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Ways Banking and Financial Institutions Can Leverage Staff Augmentation

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The financials services industry includes massive numbers of depository institutions, financing companies, investment product providers, and insurance companies. They vary in size and include some of the world’s largest global companies that have tens of thousands of employees to small community-based companies with several or less. No matter the size many of them have the same challenges with compliance, keeping up with technology, competing effectively, and satisfying customers. One challenge that we repeatedly hear from all of them, regardless of size, is attracting and retaining staff. Banking and financial services company staff augmentation can help address the scarcity of workers that many businesses in this space face. Staff augmentation for banking and financial services can also off load lower value work so only the most important work is completed at headquarters or local locations.

In this article we will cover banking and financial services company staff augmentation, staff augmentation for banking and financial services roles, and the value of a virtual assistant for banking and financial services companies.

Banking and Financial Services Company Staff Augmentation

Banking and Financial Services companies can benefit from outsourcing and staff augmentation in a variety of roles.  Traditional BPO or business process outsourcing can be supplied. New technology, AI and classic IT and software development roles can also be provided. We provide a significant number of paraplanners for financial advisors, … it is one of the roles we fill the most. A virtual assistant at a banking and financial services company can free up fee earners so that they can be more productive and client facing.

The below table highlights many of the roles we fill here at Valenta.

Accountants IT Desk Support Database Admins AI & ML Specialists
Bookkeepers Help Desk Techs Cyber Security Staff Applications Architects
Paralegals Network Architects Data Analysts Big Data Specialists
Paraplanners Program Analysts Data Scientists BI Analysts
Virtual Assistants CRM Admins DevOps Engineers RPA Developers
Billing Admins ERP Admins Scrum Masters CAI Developers
Fractional C-Level Digital Marketing Front End Developers Full Stack Developers
Software Developers Python Developers Systems Engineers Web Developers

For more information on all our staff augmentation roles please find our main page for this.

Banking and Financial Services Assistant

The main page for Valenta paraplanners and virtual assistants can be found at the highlighted link. A virtual assistant at a banking and financial services company can help with retirement planning, estate planning, and also insurance and tax planning. A banking and financial services assistant can also help with client onboarding, meeting summaries, CRM, data management, filing forms and daily, monthly, and quarterly reporting.  A VA can also take the lead on client communications and communicate on behalf of the principal in a practice. Paraplanners can perform risk analysis and evaluations, cash flow analysis plus debt consolidation and restructuring.

Staff Augmentation for Banking and Financial Services Benefits

The biggest advantage of any staff augmentation for banking and financial services is simply getting needed skills in the door. Outsourced staff typically costs less as well and run 30% to 50% of in person staff. The savings generated can be re allocated to bring on more staff to serve more customers and can also be used to better incentivize existing in person staff and retain them. Banking and financial services company staff augmentation help the most senior, strategic and fee  earner staff be able to focus on customers and clients. It is this ability to focus that is the number one reason our clients come back to us for staff augmentation.

Reach Out for More Information

If you would like more information for our staff for banking and financial services companies our website has lots of good additional information. Valenta Managing Partners can be an excellent local resource and are located in the same cities as our clients are or are close to them. They work with our offshore staff to provide some of the best outsourcing services in the industry. Our staff all comes with a layer of management and team leaders. If you would like to have a conversation, please reach out to our Managing Partners at any time to discuss how staff augmentation for banking and financial services can help your business.